Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
- Autores
- Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo
- Año de publicación
- 2017
- Idioma
- inglés
- Tipo de recurso
- artículo
- Estado
- versión publicada
- Descripción
- The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution.
Fil: Brondino, Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional del Litoral; Argentina
Fil: Lazzarini, Andrés Lucas Rodrigo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín; Argentina - Materia
-
Sraffa
Marshall
Supply Curves
Returns - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
- Repositorio
- Institución
- Consejo Nacional de Investigaciones Científicas y Técnicas
- OAI Identificador
- oai:ri.conicet.gov.ar:11336/73039
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Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream MicroeconomicsBrondino, GabrielLazzarini, Andrés Lucas RodrigoSraffaMarshallSupply CurvesReturnshttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution.Fil: Brondino, Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional del Litoral; ArgentinaFil: Lazzarini, Andrés Lucas Rodrigo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín; ArgentinaEmerald Publishing2017-12info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/73039Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo; Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics; Emerald Publishing; Research in the History of Economic Thought and Methodology; 35; 2; 12-2017; 131-1510743-4154CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://www.emeraldinsight.com/doi/10.1108/S0743-41542017000035B006info:eu-repo/semantics/altIdentifier/doi/10.1108/S0743-41542017000035B006info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-03T10:00:56Zoai:ri.conicet.gov.ar:11336/73039instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-03 10:00:56.615CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse |
dc.title.none.fl_str_mv |
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics |
title |
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics |
spellingShingle |
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics Brondino, Gabriel Sraffa Marshall Supply Curves Returns |
title_short |
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics |
title_full |
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics |
title_fullStr |
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics |
title_full_unstemmed |
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics |
title_sort |
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics |
dc.creator.none.fl_str_mv |
Brondino, Gabriel Lazzarini, Andrés Lucas Rodrigo |
author |
Brondino, Gabriel |
author_facet |
Brondino, Gabriel Lazzarini, Andrés Lucas Rodrigo |
author_role |
author |
author2 |
Lazzarini, Andrés Lucas Rodrigo |
author2_role |
author |
dc.subject.none.fl_str_mv |
Sraffa Marshall Supply Curves Returns |
topic |
Sraffa Marshall Supply Curves Returns |
purl_subject.fl_str_mv |
https://purl.org/becyt/ford/5.2 https://purl.org/becyt/ford/5 |
dc.description.none.fl_txt_mv |
The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution. Fil: Brondino, Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional del Litoral; Argentina Fil: Lazzarini, Andrés Lucas Rodrigo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín; Argentina |
description |
The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion http://purl.org/coar/resource_type/c_6501 info:ar-repo/semantics/articulo |
format |
article |
status_str |
publishedVersion |
dc.identifier.none.fl_str_mv |
http://hdl.handle.net/11336/73039 Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo; Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics; Emerald Publishing; Research in the History of Economic Thought and Methodology; 35; 2; 12-2017; 131-151 0743-4154 CONICET Digital CONICET |
url |
http://hdl.handle.net/11336/73039 |
identifier_str_mv |
Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo; Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics; Emerald Publishing; Research in the History of Economic Thought and Methodology; 35; 2; 12-2017; 131-151 0743-4154 CONICET Digital CONICET |
dc.language.none.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
info:eu-repo/semantics/altIdentifier/url/https://www.emeraldinsight.com/doi/10.1108/S0743-41542017000035B006 info:eu-repo/semantics/altIdentifier/doi/10.1108/S0743-41542017000035B006 |
dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-sa/2.5/ar/ |
eu_rights_str_mv |
openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/ |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Emerald Publishing |
publisher.none.fl_str_mv |
Emerald Publishing |
dc.source.none.fl_str_mv |
reponame:CONICET Digital (CONICET) instname:Consejo Nacional de Investigaciones Científicas y Técnicas |
reponame_str |
CONICET Digital (CONICET) |
collection |
CONICET Digital (CONICET) |
instname_str |
Consejo Nacional de Investigaciones Científicas y Técnicas |
repository.name.fl_str_mv |
CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas |
repository.mail.fl_str_mv |
dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar |
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1842269665873625088 |
score |
13.13397 |